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Financial
Distress signals
Property profile

1805 W Main St Norman, OK 73069

FOR SALE
Turn key restaurants
Property ID
US69-0691018
2,528 SF 0.36 ac lot Built 1979
Last sale May 2018 · $1,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a conventional restaurant real estate asset featuring an existing second-generation restaurant improvement constructed in 1979. It is located on a corner lot at the intersection of Mercedes and Main, at a signalized intersection, with frontage along Main Street in Norman, Oklahoma. The property is approximately 0.5 miles from Interstate 35 and is positioned near the University of Oklahoma campus. Recorded traffic volume for the area is reported as 26,297 vehicles per day based on ACOG 2024 data. The address is 1805 W Main, Norman, Oklahoma 73069.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value$87k
Assessed land$32k
Assessed improvement$55k
Effective rate12.01%

Value estimate

· Oct 2026
$335k
$302k – $369k
AI approach$275k
NOI build-up
Gross scheduled income$42k
Vacancy & credit loss−$2k
Operating expenses−$10k
NOI · 3.49% cap applied$31k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$297/SF
County average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$127 – $435
Qualifying comparables3

Cap rate analysis

How does the asset earn?
3.49%
$31k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R1
JurisdictionCLEVELAND

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop9.8
Kitchen & Bath9.0
Home Appliance Store8.9

Location

1805 W Main St Norman, OK 73069
County assessor Recorded deeds · 7 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
430 Berry, Norman, OK 73069-6861 $325,000 Jun 2025 2,400 SF
2180 24th NW, Norman, OK 73069-6305 $1,045,000 Oct 2024 2,783 SF
502 Webster, Norman, OK 73069-4906 $540,000 May 2024 2,524 SF
328 Robinson, Norman, OK 73069-7860 $687,500 Apr 2024 3,134 SF
124 Main, Norman, OK 73069-1301 $500,000 Jan 2024 2,728 SF
905 Flood, Norman, OK 73069-7641 $315,000 Dec 2023 3,036 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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